Aug 30 2015

Social Security supports 1 out of every 5 Americans: Most retirees heavily depend on Social Security for their retirement income.

It is great that people overall are living longer but adding years to your life can get costly.  Retirement can be a long time.  For some, retirement can last as long as their working career. With a pension people didn’t have to worry about longevity as if this was a bad thing.  Yet pensions are […]

Aug 25 2015

7 million college debtors have yet to make a single student loan payment in last year. The college debt bubble grows.

The student debt problem continues to spiral out of control as millions of young Americans enter the workforce only to be greeted by low paying jobs and the monthly bill for their college experience.  For the most part studies show that college graduates do better than non-college graduates.  Yet these studies fail to take into […]

Aug 21 2015

The casino of Wall Street enters official correction territory: S&P 500 has increased on the back of a massively expanding Fed balance sheet.

The casino effect of Wall Street is being played out in full.  The Fed balance sheet recently stopped growing at an astounding $4.5 trillion.  This is the first time in nearly three years that the balance sheet has slowed down in large part for the oncoming rate hikes that seem to never materialize.  The market […]

Aug 18 2015

Get used to the idea that you will never retire: GAO report shows that half of Americans 55 and older have no retirement savings at all.

Some of you might remember the glossy highly produced advertisements back in the early 1980s when Wall Street decided it was time to turn American retirement plans into casinos.  The slow and agonizing death of the pension plan was supposed to be replaced by the beautiful and wonderful world of the 401(k) plan.  Save for […]

Aug 14 2015

The Average Net Worth by Age: The massive financial chicanery brought on by housing equity figures and the new real estate bubble.

The best indicator of wealth is your net worth.  Take you assets and subtract out your liabilities.  It should come as no surprise to most Americans that half of this country is living paycheck to paycheck.  One third of Americans have zero dollars for their net worth or in many cases for young Americans, have […]

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  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
  • 3. Is college worth the money and debt? The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x. Diluting education with for-profits. and saddling millions with debt.
  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
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  • 9. The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
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